Will we return to pre-pandemic working practises? On the whole working from home has proved successful for many large corporations and smaller businesses, only 1 in 5 CEO’s who were surveyed want to return to normal. If the ‘work from anywhere’ ethos continues businesses may trigger tax compliance issues: “It’s not so much about tax […]
Are you ready for the end of the tax year? The end of the tax year is fast approaching which coincides with the end of the financial year for many companies. ‘Yearend’ gives a snapshot in time of how your company has performed over the last 12 months, it needs to be accurate, as it […]
VAT deferral payments deadline looms, is your business prepared? On 31 March 2021 VAT deferral payments (related to the periods between 20 March and 30 June 2020) related to coronavirus become due. Funds can be paid in full on this date or businesses can sign up to a service that allows them to make 11 […]
2021 – Are you ready for change? Accountants may be the unsung heroes of 2020 as we provided a stellar response to the pandemic on behalf of the businesses we serve but according to an article from Accountancy Age, we have seen nothing yet! “Accounting and payroll professionals have been called superheroes of the business […]
Is your business financially viable without support? It’s unbelievably hard not to involve your emotions when looking at your business, especially if you have poured your heart into it and seen your dreams crushed through no fault of your own. But as the government has announced a road map out of lockdown, you need to […]
How big of a problem is COVID-19 fraud? Coronavirus support schemes are due to finish over the next few months, there is no doubt that they have provided a lifeline for businesses but there has been some that have ‘bent the rules’ or committed outright fraud. According to HMRC, the estimated current value of CJRS-related […]
Will the EU cut off London? Amsterdam ousted London as the largest financial trading centre in Europe last month as Brexit-related changes to finance rules came into force. According to the BBC report, following new Brexit rules, EU-based banks wanting to buy European shares currently cannot trade via London, meaning a loss of fees for […]
Are you keeping an eye on running costs? A golden rule in business is don’t pay out for unnecessary costs, unfortunately, time-poor small businesses will often have direct debits and monthly/annual subscriptions carrying on when better deals can be found in the marketplace. A great little app integration has been announced by Xero, Reducer – […]
Will you welcome greater flexibility in repayment of your bounce back loan? Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced. Chancellor Rishi Sunak said: ‘Businesses are continuing to feel the impact of extended disruption from Covid-19, and we’re […]
HMRC issues record £23.8m fine for money laundering breaches! The largest fine ever issued by HMRC to MT Global Limited, a money transfer service for serious breaches in money laundering regulations. Companies are measured on: • risk assessments and associated record-keeping • policies, controls, and procedures • fundamental customer due to diligence measures “Money laundering […]
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